Soybean Weekly Forecast

Weekly Forecast (January 16 – 20, 2023)

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1537.4, which will be followed by moving up to resistance level 1555 and 1572.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1537.4, which will be followed by reaching support level 1465.

Monthly Forecast, January 2023

Uptrend scenario
The uptrend continuation is not expected this month.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1508, which will be followed by moving down to support level 1462, 1433 and 1400..

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